Agency Information Collection Activities; Proposed Collection: Comment Request, 27274-27275 [2020-09746]
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27274
Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices
labels and ensure that labels provide the
consumer with adequate information as
to the identity and quality of the
product. Under that authority, TTB
regulates the use of appellations of
origin on wine labels, including the use
of American viticultural area (AVA)
names. In response to petitions
submitted by interested parties, TTB
establishes new AVAs or modifies
existing AVAs through the rulemaking
process. The TTB regulations in 27 CFR
part 9 specify the information to be
included in such petitions. TTB uses the
provided information to evaluate a
petitioner’s proposal and draft
rulemaking for public comment for
creating a new AVA or amending the
name, boundary, or other terms of an
existing AVA.
Current Actions: There are no
program changes or adjustments
associated with this information
collection, and TTB is submitting it for
extension purposes only.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profits.
khammond on DSKJM1Z7X2PROD with NOTICES
Estimated Annual Burden
• Number of Respondents: 15.
• Average Responses per Respondent:
One.
• Number of Responses: 15.
• Average Per-response Burden: 130
hours.
• Total Burden: 1,950 hours.
OMB Control No. 1513–0139
Title: Record of Carbon Dioxide
Measurement in Effervescent Products
Taxed as Hard Cider.
TTB Form or Recordkeeping Number:
None.
Abstract: The IRC, at 26 U.S.C. 5041,
defines and imposes six Federal excise
tax rates on wine, which vary by the
wine’s alcohol and carbon dioxide
content. Wines with no more than 0.392
grams of carbon dioxide per 100
milliliters are taxed as still wine at
$1.07, $1.57, or $3.15 per gallon,
depending on their alcohol content,
while wines with more than 0.392
grams of carbon dioxide per 100
milliliters are taxed as effervescent wine
at $3.30 per gallon if artificially
carbonated or $3.40 per gallon if
naturally carbonated. However, under
those IRC provisions, certain apple- and
pear-based wines are subject to the
‘‘hard cider’’ tax rate of $0.226 per
gallon if the product contains no more
than 0.64 grams of carbon dioxide per
100 milliliters of wine. Given the
difference in tax rates which, in part,
depend on the level of effervescence,
the TTB regulations in 27 CFR 24.302
VerDate Sep<11>2014
16:45 May 06, 2020
Jkt 250001
require proprietors who produce or
receive effervescent hard cider to record
the amount of carbon dioxide in the
hard cider. This recordkeeping
requirement is necessary to demonstrate
compliance with the statutory definition
of wine eligible for the hard cider tax
rate.
Current Actions: There are no
program changes associated with this
information collection, and TTB is
submitting it for extension purposes
only. As for adjustments, due to changes
in agency estimates resulting from
growth in the number of effervescent
hard cider products in the marketplace,
TTB is increasing the number of annual
respondents, responses, and burden
hours reported for this information
collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profits.
Estimated Annual Burden
• Number of Respondents: 600.
• Average Responses per Respondent:
25.
• Number of Responses: 15,000.
• Average Per-response Burden: 4
hours.
• Total Burden: 60,000 hours.
Amy R. Greenberg,
Director, Regulations and Rulings Division.
[FR Doc. 2020–09700 Filed 5–6–20; 8:45 am]
BILLING CODE 4810–31–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Agency Information Collection
Activities; Proposed Collection:
Comment Request
Notice and request for public
comment.
ACTION:
The U.S. Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the Community Development
Financial Institutions Fund (CDFI
Fund), U.S. Department of the Treasury,
is soliciting comments concerning the
Annual Certification and Data
Collection Report Form (ACR) and the
Certification Transaction Level Report
(CTLR) at https://www.cdfifund.gov/
SUMMARY:
PO 00000
Frm 00071
Fmt 4703
Sfmt 4703
programs-training/certification/cdfi/
Pages/CertificationPRA.aspx.
DATES: Written comments must be
received on or before August 5, 2020 to
be assured of consideration.
ADDRESSES: Submit your comments via
email to Greg Bischak, Financial
Strategies and Research (FS&R) Program
Manager, CDFI Fund, at: CDFIFinancialStrategiesandResearch@
cdfi.treas.gov.
Greg
Bischak, Financial Strategies and
Research (FS&R) Program Manager,
CDFI Fund, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue
NW, Washington, DC 20220 or by phone
at (202) 653–0300. Other information
regarding the CDFI Fund and its
programs may be obtained through the
CDFI Fund’s website at https://
www.cdfifund.gov.
FOR FURTHER INFORMATION CONTACT:
SUPPLEMENTARY INFORMATION:
Title: Annual Certification and Data
Collection Report Form and the
Certification Transaction Level Report.
OMB Number: 1559–0046.
Abstract: This information collection
captures information related to
continuing compliance with
certification standards for Community
Development Financial Institutions
(CDFIs) and other data associated with
the finances and activities of CDFIs. The
Annual Certification and Data
Collection Report (ACR) requires a
certified Community Development
Financial Institution (CDFI) to annually
assess and report on any changes to data
for criteria supporting its CDFI
certification, as well as some additional
organizational, financial and other data.
The CDFI Fund uses this report to
monitor the CDFI’s compliance with
certification criteria and collect data to
gain greater insight on the CDFI
industry. This document identifies
proposed changes to the current ACR
data collection covered by OMB
Number: 1559–0046 (see the current
data collection in the appendix to this
document). The ACR data structure
discussed below details proposed
deletions, changes, and additions of
data points for the ACR and inclusion
of the new Certification Transaction
Level Report (CTLR) which provides a
standardized data collection capability
to validate transactions within target
markets.
As an administrative efficiency the
CTLR data collection is being submitted
for public comment under the ACR
OMB control number 1559–0046. Please
note that the CTLR is intended to
support both the revised Certification
Application (see related OMB 1559–
E:\FR\FM\07MYN1.SGM
07MYN1
Federal Register / Vol. 85, No. 89 / Thursday, May 7, 2020 / Notices
0028) and the ACR. The CTLR is a
proposed requirement for CDFI
Certification applicants and certified
CDFIs that are not current Financial
Assistance recipients and therefore do
not submit an annual Transaction Level
Report (TLR) to the CDFI Fund. The
CTLR will improve data quality in both
the revised Certification Application
and ACR by replacing unverifiable
summary data on lending and
investment in Target Markets with the
CTLR transaction data, and used to
automatically compute answers to
questions about the composition and
distribution of lending and investment
activities. The CTLR will also collect
industry-wide transactional data for the
first time. Thus the implementation of
the CTLR will create a more data-driven,
quantitative evaluation of certified
CDFIs and CDFI Certification
Applicants, and automate key validation
processes.
The other changes in the ACR include
additional questions based on the new
policy-related questions in the revised
Certification Application. These
questions confirm that currently
certified CDFIs are meeting new
certification requirements. Another
change in the ACR involves the use of
web-services to collect financial data for
regulated CDFIs from regulators’ call
reports which will reduce reporting
burden, improve data quality and
comply with OMB guidance.
khammond on DSKJM1Z7X2PROD with NOTICES
ACR and CTLR Burden Estimates
In order to provide a side-by-side
comparison of reporting burden changes
between the current and proposed
changes in the ACR, this analysis will
first examine the changes related to just
the ACR form, and then separately
present burden estimates for the CTLR.
ACR Burden Estimates
Proposed Reductions: The revised
ACR form proposes to delete 28
questions from the current form. In
addition, changes through the use of
technology and web services to reduce
reporting burden for 34 existing
questions.
Proposed Additions: There are 26 new
questions related to changes in the CDFI
Fund’s certification policy which
require the confirmation that an entity
complies with these standards. In
addition there are three new data tables
added to the ACR: The Capital
Investment Table; the Contributed
Operating Revenue Table, and Loans
and Leases Table. These changes will
result in a net increase of 6,527 hours
over prior ACR burden estimates (8,663
hours) for the estimated number of total
respondents.
VerDate Sep<11>2014
16:45 May 06, 2020
Jkt 250001
Type of Review: Regular Review.
Affected Public: Certified CDFIs.
Estimated Number of ACR
Respondents: 1,085.
Estimated Annual Time per ACR
Respondent: 14 hours.
Estimated Total ACR Annual Burden
Hours: 15,190 hours.
CTLR Burden Estimates
As noted above, the implementation
of the CTLR will create a more datadriven, quantitative evaluation of
certified CDFIs and CDFI Certification
applicants, and automate key validation
processes. In particular, the CTLR will
standardize reporting and automate
analysis for the current Target Market
estimates required for the ACR
questions. The CTLR will also
standardize and automate analysis for
the Certification Application regarding
an entity’s loans and investments (i.e.
the number and amount of loans and/or
investments) within that entity’s
proposed Target Market(s). In addition
to these technological enhancements,
the CTLR will eliminate the need for
detailed transactional analysis of the
entity’s total portfolio. The CTLR will
only analyze new originations and
thereby reduce substantially the current
burden for transactional analysis (a
concern raised in public comments in
response to the 2017 ACR request for
public comment). Thus while the CTLR
is a new data collection, the
technological enhancements of the
process provide standardized methods
and new automated coding of
geographically determined Targets
Markets such as qualified Investment
Areas and Low-Income Targeted
Populations at the Census Block Level.
These improvement undoubtedly
provide time savings in manual coding
processes necessary for currently
certified CDFIs to report in the ACR on
the share of transactions going to their
approved Target Market. Moreover the
policy changes for certification will
allow all Applicants and certified CDFIs
to count transactions devoted to all
eligible Investment Areas outside of
their previously geographically defined
Target Markets. Furthermore the new
policies and procedures allow for
transactional coding of Financial
Services to count in evaluating Target
Market activities. For these reasons the
burden is estimated to be 6,800 hours
(see below).
Type of Review: Regular Review.
Affected Public: Non-Financial
Assistance Certified CDFIs (700) and
new Certification Applicants (150).
Estimated Number of CTLR
Respondents: 850.
PO 00000
Frm 00072
Fmt 4703
Sfmt 4703
27275
Estimated Annual Time per ACR
Respondent: 8 hours.
Estimated Total CTLR Annual Burden
Hours: 6,800 hours.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
request for OMB approval. All
comments will become a matter of
public record and may be published on
the CDFI Fund website at https://
www.cdfifund.gov. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
CDFI Fund, including whether the
information shall have practical utility;
(b) the accuracy of the CDFI Fund’s
estimate of the burden of the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected, including
which data might be useful to publish
to provide the public a concise
organizational profile of each certified
CDFI’s financial products and services,
asset size, target markets served; (d)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of technology; (e) proposals for the
optimal reporting period for the ACR
which currently is 90 days after the
Fiscal Year End of the reporting entity;
and (f) estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Authority: Pub. L. 104–13; 12 CFR 1805;
12 CFR 1806; 12 CFR 1807; 12 CFR 1808.
Jodie L. Harris,
Director, Community Development Financial
Institutions Fund.
[FR Doc. 2020–09746 Filed 5–6–20; 8:45 am]
BILLING CODE 4810–70–P
DEPARTMENT OF THE TREASURY
Community Development Financial
Institutions Fund
Notice of Information Collection and
Request for Public Comment
Notice and request for public
comment.
ACTION:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the Community Development
Financial Institutions Fund (CDFI
SUMMARY:
E:\FR\FM\07MYN1.SGM
07MYN1
]]>Agencies
[Federal Register Volume 85, Number 89 (Thursday, May 7, 2020)]
[Notices]
[Pages 27274-27275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09746]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Community Development Financial Institutions Fund
Agency Information Collection Activities; Proposed Collection:
Comment Request
ACTION: Notice and request for public comment.
-----------------------------------------------------------------------
SUMMARY: The U.S. Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995. Currently, the Community
Development Financial Institutions Fund (CDFI Fund), U.S. Department of
the Treasury, is soliciting comments concerning the Annual
Certification and Data Collection Report Form (ACR) and the
Certification Transaction Level Report (CTLR) at https://www.cdfifund.gov/programs-training/certification/cdfi/Pages/CertificationPRA.aspx.
DATES: Written comments must be received on or before August 5, 2020 to
be assured of consideration.
ADDRESSES: Submit your comments via email to Greg Bischak, Financial
Strategies and Research (FS&R) Program Manager, CDFI Fund, at: [email protected].
FOR FURTHER INFORMATION CONTACT: Greg Bischak, Financial Strategies and
Research (FS&R) Program Manager, CDFI Fund, U.S. Department of the
Treasury, 1500 Pennsylvania Avenue NW, Washington, DC 20220 or by phone
at (202) 653-0300. Other information regarding the CDFI Fund and its
programs may be obtained through the CDFI Fund's website at https://www.cdfifund.gov.
SUPPLEMENTARY INFORMATION:
Title: Annual Certification and Data Collection Report Form and the
Certification Transaction Level Report.
OMB Number: 1559-0046.
Abstract: This information collection captures information related
to continuing compliance with certification standards for Community
Development Financial Institutions (CDFIs) and other data associated
with the finances and activities of CDFIs. The Annual Certification and
Data Collection Report (ACR) requires a certified Community Development
Financial Institution (CDFI) to annually assess and report on any
changes to data for criteria supporting its CDFI certification, as well
as some additional organizational, financial and other data. The CDFI
Fund uses this report to monitor the CDFI's compliance with
certification criteria and collect data to gain greater insight on the
CDFI industry. This document identifies proposed changes to the current
ACR data collection covered by OMB Number: 1559-0046 (see the current
data collection in the appendix to this document). The ACR data
structure discussed below details proposed deletions, changes, and
additions of data points for the ACR and inclusion of the new
Certification Transaction Level Report (CTLR) which provides a
standardized data collection capability to validate transactions within
target markets.
As an administrative efficiency the CTLR data collection is being
submitted for public comment under the ACR OMB control number 1559-
0046. Please note that the CTLR is intended to support both the revised
Certification Application (see related OMB 1559-
[[Page 27275]]
0028) and the ACR. The CTLR is a proposed requirement for CDFI
Certification applicants and certified CDFIs that are not current
Financial Assistance recipients and therefore do not submit an annual
Transaction Level Report (TLR) to the CDFI Fund. The CTLR will improve
data quality in both the revised Certification Application and ACR by
replacing unverifiable summary data on lending and investment in Target
Markets with the CTLR transaction data, and used to automatically
compute answers to questions about the composition and distribution of
lending and investment activities. The CTLR will also collect industry-
wide transactional data for the first time. Thus the implementation of
the CTLR will create a more data-driven, quantitative evaluation of
certified CDFIs and CDFI Certification Applicants, and automate key
validation processes.
The other changes in the ACR include additional questions based on
the new policy-related questions in the revised Certification
Application. These questions confirm that currently certified CDFIs are
meeting new certification requirements. Another change in the ACR
involves the use of web-services to collect financial data for
regulated CDFIs from regulators' call reports which will reduce
reporting burden, improve data quality and comply with OMB guidance.
ACR and CTLR Burden Estimates
In order to provide a side-by-side comparison of reporting burden
changes between the current and proposed changes in the ACR, this
analysis will first examine the changes related to just the ACR form,
and then separately present burden estimates for the CTLR.
ACR Burden Estimates
Proposed Reductions: The revised ACR form proposes to delete 28
questions from the current form. In addition, changes through the use
of technology and web services to reduce reporting burden for 34
existing questions.
Proposed Additions: There are 26 new questions related to changes
in the CDFI Fund's certification policy which require the confirmation
that an entity complies with these standards. In addition there are
three new data tables added to the ACR: The Capital Investment Table;
the Contributed Operating Revenue Table, and Loans and Leases Table.
These changes will result in a net increase of 6,527 hours over prior
ACR burden estimates (8,663 hours) for the estimated number of total
respondents.
Type of Review: Regular Review.
Affected Public: Certified CDFIs.
Estimated Number of ACR Respondents: 1,085.
Estimated Annual Time per ACR Respondent: 14 hours.
Estimated Total ACR Annual Burden Hours: 15,190 hours.
CTLR Burden Estimates
As noted above, the implementation of the CTLR will create a more
data-driven, quantitative evaluation of certified CDFIs and CDFI
Certification applicants, and automate key validation processes. In
particular, the CTLR will standardize reporting and automate analysis
for the current Target Market estimates required for the ACR questions.
The CTLR will also standardize and automate analysis for the
Certification Application regarding an entity's loans and investments
(i.e. the number and amount of loans and/or investments) within that
entity's proposed Target Market(s). In addition to these technological
enhancements, the CTLR will eliminate the need for detailed
transactional analysis of the entity's total portfolio. The CTLR will
only analyze new originations and thereby reduce substantially the
current burden for transactional analysis (a concern raised in public
comments in response to the 2017 ACR request for public comment). Thus
while the CTLR is a new data collection, the technological enhancements
of the process provide standardized methods and new automated coding of
geographically determined Targets Markets such as qualified Investment
Areas and Low-Income Targeted Populations at the Census Block Level.
These improvement undoubtedly provide time savings in manual coding
processes necessary for currently certified CDFIs to report in the ACR
on the share of transactions going to their approved Target Market.
Moreover the policy changes for certification will allow all Applicants
and certified CDFIs to count transactions devoted to all eligible
Investment Areas outside of their previously geographically defined
Target Markets. Furthermore the new policies and procedures allow for
transactional coding of Financial Services to count in evaluating
Target Market activities. For these reasons the burden is estimated to
be 6,800 hours (see below).
Type of Review: Regular Review.
Affected Public: Non-Financial Assistance Certified CDFIs (700) and
new Certification Applicants (150).
Estimated Number of CTLR Respondents: 850.
Estimated Annual Time per ACR Respondent: 8 hours.
Estimated Total CTLR Annual Burden Hours: 6,800 hours.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record and may be published on
the CDFI Fund website at https://www.cdfifund.gov. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the CDFI Fund, including whether
the information shall have practical utility; (b) the accuracy of the
CDFI Fund's estimate of the burden of the collection of information;
(c) ways to enhance the quality, utility, and clarity of the
information to be collected, including which data might be useful to
publish to provide the public a concise organizational profile of each
certified CDFI's financial products and services, asset size, target
markets served; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of technology;
(e) proposals for the optimal reporting period for the ACR which
currently is 90 days after the Fiscal Year End of the reporting entity;
and (f) estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Authority: Pub. L. 104-13; 12 CFR 1805; 12 CFR 1806; 12 CFR
1807; 12 CFR 1808.
Jodie L. Harris,
Director, Community Development Financial Institutions Fund.
[FR Doc. 2020-09746 Filed 5-6-20; 8:45 am]
BILLING CODE 4810-70-P
